Strategy Inc (MSTR) — Institutional Holders, Q2 2026

921 institutional investment managers reported a MSTR position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $22.8B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← MSTR stock profile

MSTR in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

100

Added to

362

Trimmed

282

Sold out

184

Biggest buyers

Invesco Ltd.Added · +7,208,791 sh+$626.7M
GOLDMAN SACHS GROUPAdded · +4,023,500 sh+$349.8M
Capital International InvestorsAdded · +3,156,471 sh+$274.4M
JANE STREET GROUPAdded · +2,470,544 sh+$214.8M
BlackRockAdded · +1,410,599 sh+$122.6M

Biggest sellers

Capital Research Global InvestorsTrimmed · -4,622,272 sh-$401.8M
Defiance ETFsSold out · -2,877,686 sh-$250.2M
BANK OF AMERICATrimmed · -2,792,555 sh-$242.8M
Marex Group plcTrimmed · -1,956,445 sh-$170.1M
Alberta Investment ManagementSold out · -1,382,000 sh-$120.1M

MSTR 13F holders ranked 1–100 of 921

Institutional investors reporting a position in Strategy Inc on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	Capital International Investors#1 · 50,733,913 sh	50,733,913	$3.1B	0.64%	+6.6%
2	BlackRock#2 · 117,818,532 sh	117,818,532	$1.8B	0.03%	-1.5%
3	VANGUARD PORTFOLIO MANAGEMENT#3 · 15,353,408 sh	15,353,408	$1.3B	0.06%	+4.1%
4	VANGUARD CAPITAL MANAGEMENT#4 · 14,938,599 sh	14,938,599	$1.3B	0.03%	+6.1%
5	MORGAN STANLEY#5 · 20,891,090 sh	20,891,090	$825.5M	0.04%	+0.6%
6	Invesco Ltd.#6 · 9,340,682 sh	9,340,682	$812.0M	0.06%	+101.7%
7	STATE STREET#7 · 127,478,561 sh	127,478,561	$777.8M	0.02%	-7.2%
8	Weiss Asset Management#8 · 506,778,895 sh	506,778,895	$555.5M	5.82%	+61.6%
9	GOLDMAN SACHS GROUP#9 · 7,402,162 sh	7,402,162	$506.5M	0.04%	+77.1%
10	Capital World Investors#10 · 55,345,531 sh	55,345,531	$461.6M	0.05%	+0.1%
11	LINDEN ADVISORS#11 · 457,040,000 sh	457,040,000	$445.1M	2.31%	-38.4%
12	D. E. Shaw#12 · 426,079,455 sh	426,079,455	$442.8M	0.21%	-29.6%
13	UBS Group AG#13 · 5,184,786 sh	5,184,786	$430.3M	0.05%	-20.4%
14	GEODE CAPITAL MANAGEMENT#14 · 4,606,751 sh	4,606,751	$399.3M	0.02%	-1.1%
15	NORGES BANK#15 · 3,979,476 sh	3,979,476	$345.9M	0.03%	—
16	ARISTEIA CAPITAL, L.L.C.#16 · 359,533,000 sh	359,533,000	$312.5M	4.06%	+3.0%
17	WOLVERINE ASSET MANAGEMENT#17 · 308,357,694 sh	308,357,694	$311.5M	2.74%	-1.7%
18	VOYA INVESTMENT MANAGEMENT#18 · 357,700,281 sh	357,700,281	$310.0M	0.27%	-4.3%
19	Harvest Portfolios Group#19 · 3,121,927 sh	3,121,927	$271.4M	3.83%	+16.5%
20	Capital Research Global Investors#20 · 2,993,437 sh	2,993,437	$260.3M	0.04%	-60.7%
21	JANE STREET GROUP#21 · 2,706,984 sh	2,706,984	$234.0M	0.02%	-71.9%
22	RENAISSANCE TECHNOLOGIES#22 · 2,553,692 sh	2,553,692	$222.0M	0.31%	+19.8%
23	SUSQUEHANNA INTERNATIONAL GROUP, LLP#23 · 2,565,947 sh	2,565,947	$220.3M	0.02%	+99.5%
24	VANGUARD FIDUCIARY#24 · 2,094,345 sh	2,094,345	$182.1M	0.04%	+7.4%
25	WELLS FARGO & COMPANY#25 · 2,018,888 sh	2,018,888	$174.8M	0.03%	+170.0%
26	WHITEBOX ADVISORS#26 · 167,461,000 sh	167,461,000	$162.9M	2.13%	-33.7%
27	NORTHERN#27 · 1,831,554 sh	1,831,554	$159.2M	0.02%	+3.9%
28	CHARLES SCHWAB INVESTMENT MANAGEMENT#28 · 1,795,815 sh	1,795,815	$156.1M	0.02%	+15.4%
29	BANK OF MONTREAL#29 · 44,709,590 sh	44,709,590	$148.3M	0.05%	+125.2%
30	Calamos Advisors#30 · 141,067,000 sh	141,067,000	$142.3M	0.47%	-32.9%
31	Clear Street Group#31 · 1,554,968 sh	1,554,968	$135.2M	0.34%	+21.1%
32	FMR#32 · 92,939,118 sh	92,939,118	$130.6M	<0.01%	+8.7%
33	SG Americas Securities#33 · 1,393,775 sh	1,393,775	$129.3M	0.07%	+83.7%
34	Marex Group plc#34 · 1,471,629 sh	1,471,629	$127.9M	0.54%	-57.1%
35	CAPSTONE INVESTMENT ADVISORS#35 · 13,798,361 sh	13,798,361	$124.0M	0.12%	-64.7%
36	Legal & General Group Plc#36 · 1,420,987 sh	1,420,987	$123.5M	0.03%	+3.5%
37	HRT FINANCIAL#37 · 2,038,957 sh	2,038,957	$121.0M	0.30%	+137.7%
38	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#38 · 1,346,925 sh	1,346,925	$117.1M	0.02%	-14.4%
39	Amundi#39 · 1,324,053 sh	1,324,053	$115.1M	0.03%	+148.9%
40	BANK OF AMERICA#40 · 13,934,925 sh	13,934,925	$113.5M	<0.01%	+3.9%
41	NATIONAL BANK OF CANADA#41 · 1,241,335 sh	1,241,335	$106.9M	0.08%	+120.1%
42	Quadrature Capital Ltd#42 · 1,148,665 sh	1,148,665	$99.9M	0.85%	+174.0%
43	BALYASNY ASSET MANAGEMENT L.P.#43 · 89,297,092 sh	89,297,092	$95.1M	0.12%	+4.1%
44	Bank of New York Mellon#44 · 1,779,623 sh	1,779,623	$90.2M	0.01%	+35.3%
45	FARALLON CAPITAL MANAGEMENT#45 · 102,858,000 sh	102,858,000	$89.6M	0.41%	+160.4%
46	CITIGROUP#46 · 6,575,554 sh	6,575,554	$88.4M	0.03%	+6.4%
47	Capula Management Ltd#47 · 1,002,482 sh	1,002,482	$87.1M	0.31%	New
48	Toroso Investments#48 · 1,120,334 sh	1,120,334	$86.3M	0.15%	-23.5%
49	DEUTSCHE BANK AG\#49 · 6,548,925 sh	6,548,925	$81.8M	0.02%	-47.2%
50	LPL Financial#50 · 1,287,997 sh	1,287,997	$80.2M	0.02%	-19.3%
51	National Pension Service#51 · 907,442 sh	907,442	$78.9M	0.05%	+10.4%
52	CANTOR FITZGERALD, L. P.#52 · 887,996 sh	887,996	$77.2M	0.84%	-51.3%
53	FIRST ADVISORS#53 · 855,839 sh	855,839	$74.4M	0.04%	+13.2%
54	NATIXIS#54 · 852,901 sh	852,901	$74.1M	0.30%	+38.6%
55	MARSHALL WACE, LLP#55 · 78,000,000 sh	78,000,000	$67.5M	0.05%	-10.3%
56	Jump Financial#56 · 58,508,874 sh	58,508,874	$65.2M	0.52%	+11.0%
57	Swiss National Bank#57 · 736,300 sh	736,300	$64.0M	0.03%	-3.9%
58	TENOR CAPITAL MANAGEMENT , L.P.#58 · 65,000,000 sh	65,000,000	$63.0M	0.89%	+21.5%
59	ADVENT CAPITAL MANAGEMENT#59 · 59,867,876 sh	59,867,876	$61.9M	1.39%	+34.2%
60	BARCLAYS PLC#60 · 2,110,319 sh	2,110,319	$61.8M	0.01%	+121.8%
61	JPMORGAN CHASE#61 · 3,830,709 sh	3,830,709	$61.1M	<0.01%	-46.1%
62	VAN ECK ASSOCIATES#62 · 743,830 sh	743,830	$55.6M	0.03%	+13.3%
63	VANGUARD ASSET MANAGEMENT, Ltd#63 · 605,800 sh	605,800	$52.7M	0.04%	+14.9%
64	Sumitomo Mitsui#64 · 604,139 sh	604,139	$52.5M	0.03%	+0.8%
65	Nuveen#65 · 591,571 sh	591,571	$51.4M	0.01%	+2.5%
66	DeepCurrents Investment Group#66 · 49,655,000 sh	49,655,000	$50.8M	1.54%	-12.4%
67	Cable Car Capital#67 · 49,450,000 sh	49,450,000	$50.7M	1.09%	+14.5%
68	Verition Fund Management#68 · 54,050,000 sh	54,050,000	$50.3M	0.07%	-25.8%
69	Shaolin Capital Management#69 · 63,026 sh	63,026	$48.6M	2.32%	-3.0%
70	ROYAL BANK OF CANADA#70 · 10,213,903 sh	10,213,903	$44.0M	<0.01%	+2888.8%
71	PRICE T ROWE ASSOCIATES#71 · 466,204 sh	466,204	$40.5M	<0.01%	+9.4%
72	AQR Arbitrage#72 · 41,520,000 sh	41,520,000	$39.7M	0.57%	-49.6%
73	CTC#73 · 432,111 sh	432,111	$37.6M	0.01%	-14.5%
74	HSBC PLC#74 · 426,378 sh	426,378	$37.0M	0.02%	+33.0%
75	HIGHBRIDGE CAPITAL MANAGEMENT#75 · 37,500,000 sh	37,500,000	$35.3M	0.86%	+21.4%
76	PEAK6#76 · 392,347 sh	392,347	$34.0M	0.07%	New
77	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt#77 · 20,160,534 sh	20,160,534	$33.5M	0.03%	+51.0%
78	Bitwise Funds#78 · 381,626 sh	381,626	$33.2M	7.33%	—
79	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM#79 · 381,048 sh	381,048	$33.1M	0.02%	-1.9%
80	Universal- Beteiligungs- und Servicegesellschaft mbH#80 · 15,522,630 sh	15,522,630	$32.6M	0.05%	+21.9%
81	EXCHANGE TRADED CONCEPTS#81 · 354,131 sh	354,131	$30.8M	0.14%	+35.1%
82	MIRAE ASSET GLOBAL ETFS Ltd.#82 · 438,047 sh	438,047	$30.2M	0.04%	-12.9%
83	Belvedere Trading#83 · 346,855 sh	346,855	$30.2M	0.03%	+11.6%
84	Mitsubishi UFJ Asset Management , Ltd.#84 · 343,869 sh	343,869	$29.9M	0.02%	+11.9%
85	Virtu Financial#85 · 352,531 sh	352,531	$29.2M	0.92%	New
86	BNP PARIBAS FINANCIAL MARKETS#86 · 2,788,400 sh	2,788,400	$29.1M	0.01%	-88.0%
87	Caitong International Asset Management , Ltd#87 · 334,219 sh	334,219	$29.1M	3.99%	New
88	RHUMBLINE ADVISERS#88 · 322,176 sh	322,176	$28.0M	0.02%	-5.2%
89	NEW YORK STATE COMMON RETIREMENT FUND#89 · 319,850 sh	319,850	$27.8M	0.04%	-3.4%
90	Foundations Investment Advisors#90 · 318,171 sh	318,171	$27.7M	0.28%	+4.2%
91	ProShare Advisors#91 · 309,680 sh	309,680	$26.9M	0.04%	-22.6%
92	Greenland Capital Management#92 · 12,718,906 sh	12,718,906	$25.7M	3.16%	-33.3%
93	IMC-Chicago#93 · 294,903 sh	294,903	$25.6M	<0.01%	New
94	Sculptor Capital#94 · 23,170,000 sh	23,170,000	$24.0M	0.20%	-85.3%
95	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM#95 · 271,273 sh	271,273	$23.6M	0.04%	+4.3%
96	K2 PRINCIPAL FUND, L.P.#96 · 35,900 sh	35,900	$23.4M	1.71%	+63.2%
97	Fort Baker Capital Management#97 · 26,900,000 sh	26,900,000	$23.3M	1.70%	+17.5%
98	Point72 Asset Management, L.P.#98 · 22,000,000 sh	22,000,000	$21.4M	0.02%	-87.3%
99	Aspiring Ventures#99 · 267,378 sh	267,378	$21.0M	5.12%	+8.7%
100	OFI INVEST ASSET MANAGEMENT#100 · 268,183 sh	268,183	$20.4M	0.20%	+0.4%

Funds that sold out of MSTR in Q2 2026 (184)

Held MSTR at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held MSTR in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Defiance ETFs2,877,686 sh	2,877,686	$359.1M
Alberta Investment Management1,382,000 sh	1,382,000	$172.5M
APG Asset Management N.V.134,280 sh	134,280	$14.5M
BIT Capital GmbH106,284 sh	106,284	$13.3M
Himension Fund88,522 sh	88,522	$11.0M
Point72 Asset Management, L.P.72,431 sh	72,431	$9.0M
SIMPLEX TRADING45,923 sh	45,923	$5.7M
Oasis Advisors43,560 sh	43,560	$5.4M
Varma Mutual Pension Insurance42,880 sh	42,880	$5.4M
Erste Asset Management GmbH35,209 sh	35,209	$4.3M
Optiver Holding B.V.30,189 sh	30,189	$3.8M
Boundless Plain Ltd30,000 sh	30,000	$3.7M
Freemont Management S.A.27,200 sh	27,200	$3.4M
LAVELLE CAPITAL24,890 sh	24,890	$3.1M
Telligent Fund23,400 sh	23,400	$2.9M
X-Square Capital23,155 sh	23,155	$2.9M
ASR Vermogensbeheer N.V.23,019 sh	23,019	$2.9M
Andina Capital Management31,320 sh	31,320	$2.7M
Bellecapital International Ltd.16,347 sh	16,347	$2.0M
Verition Fund Management13,317 sh	13,317	$1.7M
CAPITAL FUND MANAGEMENT S.A.13,246 sh	13,246	$1.7M
PROMETHIUM ADVISORS12,941 sh	12,941	$1.6M
Graham Capital Management, L.P.12,800 sh	12,800	$1.6M
Maxi Investments CY Ltd12,400 sh	12,400	$1.5M
AMG National Bank11,070 sh	11,070	$1.4M
Polianta Ltd9,800 sh	9,800	$1.2M
QTR Family Wealth7,379 sh	7,379	$1.0M
Trivium Point Advisory7,067 sh	7,067	$882.0K
Waldron Private Wealth6,888 sh	6,888	$859.6K
MBL Wealth6,420 sh	6,420	$801.2K
DeepCurrents Investment Group6,363 sh	6,363	$794.1K
TRED AVON FAMILY WEALTH6,194 sh	6,194	$773.0K
Dynasty Wealth Management5,783 sh	5,783	$721.7K
Qube Research & Technologies Ltd5,557 sh	5,557	$693.5K
Bannerstone Capital Management5,554 sh	5,554	$693.1K
Perigon Wealth Management5,464 sh	5,464	$681.9K
THRYVE WEALTH MANAGEMENT5,265 sh	5,265	$657.1K
THRIVENT FINANCIAL FOR LUTHERANS5,188 sh	5,188	$647.0K
CTC Alternative Strategies, Ltd.5,008 sh	5,008	$625.0K
DV Trading5,007 sh	5,007	$624.9K
Flaharty Asset Management4,751 sh	4,751	$592.9K
PENNINGTON PARTNERS4,287 sh	4,287	$535.0K
Campbell & Investment Adviser4,170 sh	4,170	$520.4K
MILLENNIUM MANAGEMENT209,400 sh	209,400	$518.3K
NATIONS FINANCIAL GROUP , /IA4,096 sh	4,096	$511.2K
SILVERCREST ASSET MANAGEMENT GROUP3,840 sh	3,840	$479.2K
Sierra Capital3,463 sh	3,463	$432.0K
GLENMEDE NA3,240 sh	3,240	$404.4K
Walleye Partners3,201 sh	3,201	$399.5K
ABC ARBITRAGE SA3,073 sh	3,073	$383.5K
GREENLEAF2,908 sh	2,908	$362.9K
MGO ONE SEVEN2,864 sh	2,864	$357.5K
Vise Technologies2,299 sh	2,299	$349.4K
MIZUHO MARKETS AMERICAS2,796 sh	2,796	$348.9K
NORDEN GROUP2,783 sh	2,783	$347.3K
Greenline Wealth Management2,743 sh	2,743	$342.3K
Polymer Capital Management (US)2,716 sh	2,716	$339.0K
Clear Creek Financial Management2,611 sh	2,611	$325.9K
COLDSTREAM CAPITAL MANAGEMENT2,553 sh	2,553	$318.6K
SeaCrest Wealth Management2,467 sh	2,467	$307.9K
Prospect Financial Services2,461 sh	2,461	$307.1K
VICTORY FINANCIAL GROUP2,364 sh	2,364	$295.0K
Baer Investment Advisory2,364 sh	2,364	$295.0K
GWN SECURITIES2,325 sh	2,325	$290.2K
Legacy Wealth Managment2,325 sh	2,325	$289.0K
PANAGORA ASSET MANAGEMENT2,300 sh	2,300	$287.0K
CORRECT CAPITAL WEALTH MANAGEMENT2,281 sh	2,281	$284.7K
United Advisor Group2,253 sh	2,253	$281.2K
Texas Capital Bank Wealth Management Services2,248 sh	2,248	$280.6K
GREAT LAKES ADVISORS2,245 sh	2,245	$280.2K
Van Hulzen Asset Management2,235 sh	2,235	$278.9K
LongView Wealth Management2,020 sh	2,020	$277.6K
GREAT VALLEY ADVISOR GROUP2,201 sh	2,201	$275.1K
THOROUGHBRED FINANCIAL SERVICES2,189 sh	2,189	$273.0K
Navigation Group2,146 sh	2,146	$267.8K
Pettinga Financial Advisors2,103 sh	2,103	$262.5K
Elevation Advisory Partners1,602 sh	1,602	$258.9K
BayBridge Capital Group1,660 sh	1,660	$252.2K
ZEGA Investments2,020 sh	2,020	$252.1K
Americana Partners2,017 sh	2,017	$251.7K
KLCM Advisors2,010 sh	2,010	$250.8K
UP STRATEGIC WEALTH INVESTMENT ADVISORS1,393 sh	1,393	$250.5K
SANDERS MORRIS HARRIS2,000 sh	2,000	$249.6K
Frisch Financial Group2,000 sh	2,000	$249.6K
WealthTrust Asset Management2,000 sh	2,000	$249.6K
Frank, Rimerman Advisors1,999 sh	1,999	$249.5K
Miracle Mile Advisors1,988 sh	1,988	$248.1K
TCP Asset Management1,984 sh	1,984	$247.6K
SMITH, MOORE1,982 sh	1,982	$247.4K
Ground Swell Capital3,467 sh	3,467	$245.1K
Gilman Hill Asset Management1,962 sh	1,962	$244.9K
SSI INVESTMENT MANAGEMENT3,445 sh	3,445	$244.8K
Belpointe Asset Management1,960 sh	1,960	$244.6K
Harfst & Associates1,950 sh	1,950	$243.4K
Gerber Kawasaki Wealth & Investment Management1,931 sh	1,931	$241.0K
TL Private Wealth1,860 sh	1,860	$239.3K
Riverview Capital Advisers1,908 sh	1,908	$238.1K
Clientfirst Wealth Management1,900 sh	1,900	$237.1K
LODESTAR PRIVATE ASSET MANAGEMENT1,888 sh	1,888	$235.6K
Cane Capital Partners1,882 sh	1,882	$234.9K

And 84 smaller positions.

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.